|Bid||32.00 x 20000|
|Ask||32.40 x 20000|
|Day's Range||32.20 - 32.20|
|52 Week Range||20.14 - 35.06|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||26.44|
|Forward Dividend & Yield||0.12 (0.38%)|
|1y Target Est||N/A|
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Dollarama Inc...
MONTREAL, July 3, 2019 /PRNewswire/ - Dollarama Inc. (DOL.TO) ("Dollarama" or the "Corporation") announced today that it received approval from the Toronto Stock Exchange ("TSX") to renew its normal course issuer bid in order to purchase for cancellation up to 15,737,468 of its common shares, representing 5.0% of the 314,749,377 common shares issued and outstanding as at the close of markets on July 2, 2019, during the 12-month period starting on July 5, 2019 and ending no later than July 4, 2020. Purchases will be conducted through the facilities of the TSX and through alternative trading systems such as prearranged crosses, exempt offers and block purchases. Dollarama may also purchase common shares for cancellation by way of private agreements or specific share repurchase programs under issuer bid exemption orders issued by a securities regulatory authority.
The deal is expected to add to Dollarama's earnings per share in the range of 2 Canadian cents to 3 Canadian cents for the rest of fiscal year ending Feb. 2, and 5 Canadian cents to 7 Canadian cents in fiscal 2021. In February 2013, Dollarama entered into an agreement with Dollarcity to share its business expertise and provide sourcing, which also included an option for the former to acquire a 50.1% stake. Dollarcity's board will consist of five directors - three from Dollarama and two from Dollarcity's founding group.
Canadian discount retailer Dollarama Inc beat quarterly revenue estimates and raised its full-year comparable sales forecast on Thursday, as the company held back on aggressive price hikes, sending its shares surging 10%. Dollarama, whose products are priced between C$1 and C$4, has been keeping price increases to a minimum as it tries to fend off rivals such as Walmart Inc's Canada unit and Dollar Tree Inc. The company cited strong demand for its Easter products among reasons for the higher same-store sales.
Canadian discount chain Dollarama Inc narrowly missed quarterly estimates for profit and same-store sales on Thursday, hurt by severe competition and a softening economy that prevented the company from raising prices. The Montreal-based company said competition from rivals including Dollar Tree Inc had led it to scale back price increases in an attempt to retain customers, reducing gross margins to 40.4 percent in the fourth quarter from 41.4 percent a year ago. As expected by analysts, the results showed that the discount chain was benefitting from consumers opting for more of their shopping with cheaper retailers in the wake of weakening Canadian economy.
Canadian discount chain Dollarama Inc on Thursday reported a 6 percent rise in quarterly profit, as shoppers spent more at its dollar stores. The retailer's comparable store sales for the fourth quarter ...
Canadian discount store chain Dollarama Inc on Thursday reported lower-than-expected quarterly profit and revenue, as it faces stiff competition from U.S.-based Dollar Tree Inc, which has been aggressively ...
Canadian discount store chain Dollarama Inc reported a 2.7 percent rise in quarterly profit on Thursday, as customers spent more at its stores. The Montreal-based company's net income rose to C$133.5 million ...